White Paper:
Forecast Report: The Geopolitics of
Offshore Wind in East Asia and Pacific
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By Alisa Reiner
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Abstract
The East Asia and Pacific (EAP) region is rapidly emerging as a global leader in offshore wind energy, a critical component of the clean energy transition. With its vast coastlines, growing energy demand, and ambitious decarbonization goals, the region is poised to play a pivotal role in shaping the future of renewable energy.
Key Markets:
- China - Global powerhouse with 37 GW capacity
- Taiwan - Targeting 55 GW by 2050
- Japan - Pioneering floating wind technology
- Vietnam - High potential of 599 GW
- Philippines - 178 GW technical potential
Geopolitical Challenges:
- Territorial disputes in South China Sea
- Supply chain dependencies
- Investment leverage concerns
- Cybersecurity risks
Full Article
Offshore wind energy has become a cornerstone of global efforts
to combat climate change and reduce reliance on fossil fuels.
Unlike onshore wind farms, offshore installations can harness
stronger and more consistent winds, making them ideal for
densely populated coastal regions.
Globally, offshore wind
capacity stood at about 75 GW in 2023 but is projected to grow
exponentially to over 510 GW by 2035 and nearly 1,200 GW by
2050. This rapid expansion is driven by advancements in
technology—particularly floating wind turbines that can operate
in deeper waters—and increasing commitments from governments to
achieve net-zero emissions targets